CIMB records RM1.41bil net profit in 3Q

CIMB group chief executive officer Datuk Abdul Rahman Ahmad

KUALA LUMPUR: CIMB Group Holdings Bhd, which posted a net profit of RM1.41bil in the third quarter ended Sept 30 (3Q), is firmly on track to exceed its FY22 targets as it approaches the year-end.

“Notwithstanding this, we are maintaining our cautious stance for the year ahead as we expect some tapering in loan demand given the rising interest rate environment and intensified competition for deposits in line with economic activity.